Story perspectives

OMB Skips Report; Agency Claims $214B Savings, 260K Cuts

7/7/2026

Summary

Story summary

OMB Director Russell Vought told a subcommittee will not issue report on the department, created by President Donald Trump in Jan 2025 and closed July 4 2026.
The agency reported $214 billion saved, $1,329 per taxpayer and a 0.54 percent debt reduction.
Over 260,000 federal workers left via layoffs, buyouts or early retirement.
Elon Musk and acting administrator Amy Gleason moved to roles or federal posts such as the Center for Medicare and Medicaid Services.

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Story summary

OMB Director Russell Vought told a subcommittee will not issue report on the department, created by President Donald Trump in Jan 2025 and closed July 4 2026.
The agency reported $214 billion saved, $1,329 per taxpayer and a 0.54 percent debt reduction.
Over 260,000 federal workers left via layoffs, buyouts or early retirement.
Elon Musk and acting administrator Amy Gleason moved to roles or federal posts such as the Center for Medicare and Medicaid Services.